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Amazoncom Inc

AMZN

$264.14 -1.15% Quote May 15, 8:00 PM

Exchange NASDAQ Sector Consumer Cyclical Industry Specialty Retail

Q3 2024

Reported

Published: Nov 1, 2024

Data: Financial Modeling Prep

Company Status Snapshot

Fast view of the latest quarter outcome for AMZN

Report Date

Nov 1, 2024

Quarter Q3 2024

Revenue

158.88B

YoY: +11.0%

EPS

1.43

YoY: +52.1%

Market Move

-1.15%

Previous quarter: Q2 2024

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Earnings Highlights

Gross Margin

49.0%

Net Income

15.33B

YoY: +55.2%

"Our team continues to focus on the inputs that matter most to customers, really broad selection, low prices, fast and free delivery..." - Andy Jassy

— Andy Jassy

AMZN

Amazoncom Inc

Period Q3 2024

Currency USD

Report Type Quarterly Earnings

Generated May 18, 2026

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Executive Summary

In Q3 2024, Amazon.com Inc (AMZN) delivered impressive financial results with revenue reaching $158.9 billion, marking an 11% increase year-over-year, adjusted for foreign exchange impacts. This growth is attributed to strong performance across the North America and International segments, with 9% and 12% revenue growth respectively. Operating income soared to $17.4 billion, up an impressive 56% year-over-year, reflecting the company's focus on operational efficiencies despite ongoing economic challenges. CEO Andy Jassy highlighted the $14.3 billion revenue generated from advertising, driven by robust customer engagement and innovative advertising solutions. Additionally, Amazon's commitment to enhancing its supply chain and reducing costs has yielded significant advantages, placing the company in a favorable position as it heads into the holiday shopping season.

Key Performance Indicators

Revenue

Increasing

158.88B

QoQ: 7.37% | YoY: 11.04%

Gross Profit

Increasing

77.90B

49.00% margin

QoQ: 5.00% | YoY: 14.46%

Operating Income

Increasing

17.41B

QoQ: 18.67% | YoY: 55.62%

Net Income

Increasing

15.33B

QoQ: 13.67% | YoY: 55.16%

EPS

Increasing

1.46

QoQ: 13.18% | YoY: 52.08%

Revenue Trend

Margin Analysis

Financial Highlights

Financial Overview:
- Total Revenue: $158.9 billion (YoY: +11%, QoQ: +7.37%)
- Gross Profit: $77.9 billion (YoY: +14.46%, QoQ: +5.00%)
- Operating Income: $17.4 billion (YoY: +55.62%, QoQ: +18.67%)
- Net Income: $15.3 billion (YoY: +55.16%, QoQ: +13.67%)
- EPS (Diluted): $1.43 (YoY: +52.08%, QoQ: +13.18%)

Operational Efficiency:
- Operating Margin: 10.9% (an improvement fueled by better cost control and higher sales volumes)
- Advertising Revenue: $14.3 billion (YoY growth of 18.8%).
- AWS Revenue: $27.5 billion (YoY: +19.1%, demonstrating AWS's ongoing strength).

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	158.88B	11.04%	7.37%
Gross Profit	77.90B	14.46%	5.00%
Operating Income	17.41B	55.62%	18.67%
Net Income	15.33B	55.16%	13.67%
EPS	1.46	52.08%	13.18%

Key Financial Ratios

Gross Profit Margin

Good

49.00%

Gross profit margin is healthy and competitive within industry standards

Operating Profit Margin

Fair

11.00%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Fair

9.65%

Net profit margin is moderate, room for improvement in cost management

Return on Assets

Weak

2.62%

Return on assets suggests inefficient capital allocation

Return on Equity

Fair

5.91%

Return on equity is acceptable but below top-tier companies

Current Ratio

Adequate

1.09

Current ratio meets minimum requirements but limited cushion

Debt to Equity

Moderate

0.52

Debt-to-equity indicates balanced capital structure with manageable debt

P/E Ratio

Growth

31.91x

Elevated P/E suggests growth expectations or premium valuation

Price to Book

High Premium

7.55x

Very high premium suggests asset-light business model or lofty expectations

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q4 2024	187,792.00	1.86	+10.5%	View
Q3 2024	158,877.00	1.43	+11.0%	View
Q2 2024	147,977.00	1.26	+10.1%	View
Q1 2024	143,313.00	0.98	+12.5%	View
Q4 2023	169,961.00	1.00	+13.9%	View

Source & Methodology

Data provider: Financial Modeling Prep (FMP). Figures are pulled directly from filed company reports.
Year-over-year (YoY): Each line is compared to the same fiscal quarter one year prior; figures sourced from the company's own filings.
Quote freshness: The price shown above the report is a live quote, separate from the as-filed report numbers. Live quotes can lag a few minutes.
Time zone: Report dates and timestamps follow the company's filing time zone unless otherwise noted.

Amazoncom Inc (AMZN) Q3 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Historical Earnings Comparison

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